No one can deny that Biden signed the National Defense Authorization Act, allocating $816.7 billion to the U.S. Defense Department in 2022. The U.S. spends hundreds of billions of dollars both domestically and internationally to advance U.S. interests, but some of the biggest beneficiaries are also some of the world’s largest corporations. According to the Department of Defense (DOD), the top U.S. military contractors include Lockheed Martin Corporation, Raytheon Technologies Corporation and General Dynamics Corporation. Together, those companies account for $297.68 billion in market capitalization. Raytheon’s total revenue was $67.1 billion and the U.S. accounted for nearly 40% of that total, purchasing $25.4 billion from Raytheon. The arms business goes worldwide. The United States is the largest exporter of weapons, with its top buyers being Saudi Arabia, Japan and Australia, according to the Stockholm International Peace Research Institute. When war breaks out, milita...
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